Philips's 1st-Quarter Income
Jumped to $499.1 Million

Dow Jones Newswires

Updated April 22, 1999 5:09 a.m. ET

AMSTERDAM -- Royal Philips Electronics NV said Thursday that income from normal operations rose 46% in the first quarter to 469 million euros ($499.1 million), boosted by the sale of a components unit.

The Dutch group sold its conventional Passive Components business in 1998 and said it booked a profit of 180 million euros on the sale.